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then it germany will continue to be compassionate and successful. and so, i wish you and your family is a healthy, for filling, and happy new year in 2013 and got the's blessings. -- and god's blessings.
then it germany will continue to be compassionate and successful. and so, i wish you and your family is a healthy, for filling, and happy new year in 2013 and got the's blessings. -- and god's blessings.
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> some s&p surprises this year. courtney back with us now with the big winners and losers. >> here's hoping you pick winners for 2012, but some stocks made some surprising moves. the benchmark s&p a500 up 13.4%. consumer discretion their sector coming in second and the best performing s&p 500 stocks, three of the top five are consumer discretionary names. pulte group up 187%. sprint up $142. whirlpool 114%. and bank of america, up 108%. few market watches predicted that one. but not everyone is a winner this year. utilities are off nearly 5% and energy barely positive for 2012. interestingly, it's a consumer discretionary name that fell the most,
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> some s&p surprises this year. courtney back with us now with the big...
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germany up 30%. i mean, i look at that, and i say all of the fear that was out there including the euro stocks, 600 did unbelievably beautifully. and you say, my goodness, if you went toward the worst, most fearsome place, europe, you would have done way better than here in the u.s.. >> yeah, absolutely. well, it's like everything that happens in nature as well as the markets and the equity markets. when things get stretched too far one way, they will come back to a happy medium. we saw that in the equity markets this year. they were the best performing asset classes of all the places you could put your money, and it's not without knowing what's going on when you had unprecedented types of money flows coming from central banks around the globe, that money had to go somewhere. the u.s. market has performed very well. by the time we get done today, especially on the fiscal cliff talks, we're going to be up about 14% in the s&p 500. the leaders in that were, of course, financials, tech and consumer disc
germany up 30%. i mean, i look at that, and i say all of the fear that was out there including the euro stocks, 600 did unbelievably beautifully. and you say, my goodness, if you went toward the worst, most fearsome place, europe, you would have done way better than here in the u.s.. >> yeah, absolutely. well, it's like everything that happens in nature as well as the markets and the equity markets. when things get stretched too far one way, they will come back to a happy medium. we saw...
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you know, the dax, for instance, out of germany, up 30% this year. should we be looking overseas for a good return? >> personally with our investors i actually guide them more towards u.s. stocks. in fact one of the things we look at, are u.s. companies that don't have a lot of european exposure. ashley: yeah. >> certainly northern europe is still doing well but i just find that entire area, it is a little too much risk than what it's worth when you can still invest in the u.s.. ashley: what about china? we're getting some very good manufacturing numbers out today. highest in a year and a half. that sound like a lot of solid growth? >> yes. so china is very stable. still an opportunity we look at. we do invest, in our global portfolios, we definitely have some asian exposure. there was definitely some concern in the fourth quarter. we saw some of the manufacturing and growth rates come down. still an opportunity abounds out there. ashley: what do you like in particular as far as sectors go or particular stocks looking towards next year? >> absolutely
you know, the dax, for instance, out of germany, up 30% this year. should we be looking overseas for a good return? >> personally with our investors i actually guide them more towards u.s. stocks. in fact one of the things we look at, are u.s. companies that don't have a lot of european exposure. ashley: yeah. >> certainly northern europe is still doing well but i just find that entire area, it is a little too much risk than what it's worth when you can still invest in the u.s.....
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tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345
tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an...
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basically the germans were telling the country of mexico if they would enter the war on the side of germany, the central powers, they would help mexico invade the united states and take the states of texas, new mexico, and arizona and give them to the country of mexico. so the united states entered the war on april 7, 1917. h.r. 3159 would create a commission to commemorate the 1th00 anniversary of world war i. over 116,000 americans died in world war i. that's more than in korea, vietnam, and both iraq wars and afghanistan combined. madam speaker, to my left is a photograph of american doughboys as they were called because of the color of their uniform, going over out of a trench over the top as it was called in world war i. primarily teenagers like most of our wars. the teenagers go to fight those wars. and they are leaving the trench going into what is called no man's land. those americans served along with their allies in world war ii. two u.s. presidents served in world war i, harry truman, dwight eisenhower. and if world war ii veterans were known as the greatest generation, then worl
basically the germans were telling the country of mexico if they would enter the war on the side of germany, the central powers, they would help mexico invade the united states and take the states of texas, new mexico, and arizona and give them to the country of mexico. so the united states entered the war on april 7, 1917. h.r. 3159 would create a commission to commemorate the 1th00 anniversary of world war i. over 116,000 americans died in world war i. that's more than in korea, vietnam, and...
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. >> look at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of the year, jamie dimon buying jpmorgan when the whale hit. things looked really dark. some of the best trades happened obviously when it looked like the stocks were in for real trouble. >> look at the greek stock market. look at greek debt. i think it was third point that established a prominent position in greek debt and saw x number of returns thereafter. >> draw the lessons to today. as we teeter on the cliff, what would be the fear trade that people are shunning right now but may turn out to be the best trade looking back? >> i think it'
. >> look at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of...
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when he moved all the other children back to the united states when the french, when germany -- when world war ii began, he kept rosemary with him in england because she was doing really well at a school. and he looked after her. and when you see the pictures or read the letters, i mean, he loved this child. everybody knew she was slow, but that was okay. she didn't, you know, it was okay. but as she grew older and as she was slow but smart enough to understand that her brothers and sisters were going out in the world, were going to dances, were going sailing, were playing golf, um, that, you know, her brothers and sisters ten years younger could play by themselves on the front lawn, and she couldn't. she wasn't allowed to. she became increasingly angry, violent, she had a temper. she was no longer this sweet little girl. she was an angry, big woman in 1920, '21. and kennedy, as he did with all his children, took charge. rose didn't. he did. and he went, and he sought the best medical advice, and the medical advice was get her a lobotomy. in this period of time, the lobotomy was the
when he moved all the other children back to the united states when the french, when germany -- when world war ii began, he kept rosemary with him in england because she was doing really well at a school. and he looked after her. and when you see the pictures or read the letters, i mean, he loved this child. everybody knew she was slow, but that was okay. she didn't, you know, it was okay. but as she grew older and as she was slow but smart enough to understand that her brothers and sisters...
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we have declineds in germany, london. these declines are not massive. the reason for that, this has been well flagged for a long time. the market has slowly been discounting it for the best part of a couple of months. however, there is still optimism a deal will be done or a little late, a cliffhanger. >> people are saying it is just brinkmanship that in a few weeks that will have a deal. >> if there is not, then things start getting messy. i was speaking to analysts in the city and they are very worried about that possibility. they are still hopeful is not going to happen. >> good news for the world second-largest economy. >> excellent news out of china. pmi is an index or the ask people how confident you are feeling, indicating the fourth quarter of the year, china has seen a very marked pickup in economic growth. that is extremely good news because china had been having a pretty sluggish time of things over the course of the first half of 2012. this is leading the optimism that 2013 could break away from the economic doldrums. nonetheless [indiscerni
we have declineds in germany, london. these declines are not massive. the reason for that, this has been well flagged for a long time. the market has slowly been discounting it for the best part of a couple of months. however, there is still optimism a deal will be done or a little late, a cliffhanger. >> people are saying it is just brinkmanship that in a few weeks that will have a deal. >> if there is not, then things start getting messy. i was speaking to analysts in the city and...
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both canada and germany have higher marginal tax rates than the yits does. germany and canada have borrowing rates about the same as the united states and have higher home ownership rates. they have health care and education paid for. great life satisfaction in those places and strong economies. what's the argument if we increase the tax rates on the richest americans, we're somehow going to have economic catastrophe. >> ali, as you know when people pay taxes, they not only pay it at the individual level, but capital gains and other taxes, first you earn money and then you invest it in companies and if you take a look at corporate income tax and all of the companies you threw up, the united states has the highest -- >> the united states doesn't have the highest effective corporate tax rate. they have the highest marginal tax rates and most companies as you know, including general electric, the biggest, don't pay any taxes. right? >> the marginal tax rate is the tax rate that matters on the actual dollar earned. when we look at canada, about 17%, the european
both canada and germany have higher marginal tax rates than the yits does. germany and canada have borrowing rates about the same as the united states and have higher home ownership rates. they have health care and education paid for. great life satisfaction in those places and strong economies. what's the argument if we increase the tax rates on the richest americans, we're somehow going to have economic catastrophe. >> ali, as you know when people pay taxes, they not only pay it at the...
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. fwl >> coming up, still no deal to avoid the fiscal cliff. senators ron johnson and bob corker, if a bargain is still possible organization if the fiscal cliff is now inevitable? plus a "squawk" market master is going to tell us how equities will react. mohamed el-erian is going to be coming on to weigh in. and 2012 marked a real turnaround in housing. major mortgage settlement gave thousands of borrowers a break on debt and a bottom in home prices pushed would-be buyers off the fence. here's diana olick with the outlook for real estate in 2013. >> the housing market will continue on the road to recovery, barring any unforeseen economic disasters. t
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. fwl >> coming up, still no deal to avoid the fiscal cliff. senators ron johnson...
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germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake up without a deal. what does that mean? what are you watching today? >> good morning, kelly. the thing i'm watching most specifically is the vix. i think the
germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these...
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i must call to conclude the debate, representing army welfare services, germany, ms. jade sexton. [applause] >> thank you, mr. speaker. with this issue, no young person is employable for the reasons for us was reasons against why they should or shouldn't be to make you in the coming year. the first one is obviously not people vote for us to be today also vote for this issue. this shows that they feel we have a parliament and to tackle what they seek is obviously an issue. and at the least supported by statistics statistics, which show youth unemployment is high and they are great between the years 2011 and 2012, even though there has been a decrease in octavo. if the opposition pointed out, this is probably the generation of the highest rate of unemployment. this was also pointed out that the rate increase, so does the level of health. with more young people participating to gain experience in a workplace environment. the question is, do we really need to increase the level of support for unemployed young people? is there support out there for them? is that not known where to go f
i must call to conclude the debate, representing army welfare services, germany, ms. jade sexton. [applause] >> thank you, mr. speaker. with this issue, no young person is employable for the reasons for us was reasons against why they should or shouldn't be to make you in the coming year. the first one is obviously not people vote for us to be today also vote for this issue. this shows that they feel we have a parliament and to tackle what they seek is obviously an issue. and at the least...
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germany had to mass murders of high-school. england, 30 years after the most rigid gun laws passed, they have their mosthorrible gun massacre. norway, some of the most strictest gun laws on the planet, and that got on the island and murdered all of their kids. we have to understand somhing new is happening. the guns have always been there. we're working hard to keephem out of the hands of kids, but there is something profoundly new. if we don't focus on that e completely miss the issue here. lou: what is that new -- that change that is overtaking us, our society that can lead to this kind -- >> a new phenomenon. lou: what is it? >> never there before. violence injury, particularly video games. the number one trade law enforcement. man-hours, contact our supply system anywhere you want to measure it. one of the leading trainer is a military. i have a best-selling video series were preparing individual citizens to be able to use deadly force at the moment of truth. and from all those perspectives, we know that simulations and vis
germany had to mass murders of high-school. england, 30 years after the most rigid gun laws passed, they have their mosthorrible gun massacre. norway, some of the most strictest gun laws on the planet, and that got on the island and murdered all of their kids. we have to understand somhing new is happening. the guns have always been there. we're working hard to keephem out of the hands of kids, but there is something profoundly new. if we don't focus on that e completely miss the issue here....
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you put it off, as i understand it, but whether or not you alter it in a way that protects bases in germany and unneeded nuclear weapons and prolongation of the war in afghanistan, and instead make more cuts elsewhere. >> you know what the republicans, particularly conservative republicans, are arguing, and a couple of them rand paul, pat toomey, put out statements after these negotiations shut down tonight and basically said, look, here's what democrats want. democrats want essentially to take more money from the wealthy, from the top few percent, to pay for more government spending that doesn't help us with the deficit. and you hear members of congress, your republican colleagues who say, in my district, they don't want more spending. and that's how they see this money being spent. >> two things i would say. first of all, that is not the democratic position. no one that i know of is arguing that all of the increased revenue should go for increased spending nap simply isn't the case. by the way not having the sequester doesn't mean increased spending. it mean not having spending cuts. i vo
you put it off, as i understand it, but whether or not you alter it in a way that protects bases in germany and unneeded nuclear weapons and prolongation of the war in afghanistan, and instead make more cuts elsewhere. >> you know what the republicans, particularly conservative republicans, are arguing, and a couple of them rand paul, pat toomey, put out statements after these negotiations shut down tonight and basically said, look, here's what democrats want. democrats want essentially...
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happy new year from germany. >>> regarding the impending fiscal cliff, we have seen a lot coming from washington, but what about the boss? and by that i mean the american people, and they are angry. josh levs is covering that part of the story and he joins us now. >> yes, we are seeing a lot of frustration and anger, and that is a big part of the story in the country right now. we are following a lot of the developments and reading the tea leaves in washington, but the fact is that around the country, the mounting frustration and concern about what could happen to you and your taxes and a lot of people are sounding off. we have been getting a lot of videos today and ireport, and take a look at this one. >> my mes sang to all of washington for the new year is partisanship aside and working on fixing this mess that you have gotten us into. and bring a ball lapsed budget to the table and fix it in the long term and not the short term. >> this one struck me today because it got us thinking to the young people in the country and what the message the congress is sending to the young people.
happy new year from germany. >>> regarding the impending fiscal cliff, we have seen a lot coming from washington, but what about the boss? and by that i mean the american people, and they are angry. josh levs is covering that part of the story and he joins us now. >> yes, we are seeing a lot of frustration and anger, and that is a big part of the story in the country right now. we are following a lot of the developments and reading the tea leaves in washington, but the fact is...
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germany has balked at that quite a bit. merkel has an election coming up soon. i don't think you'll see germany doing a lot of bailing out the rest of europe. and europe is the number one global concern to this day. if europe doesn't do well, the rest of the world economy is going to suffer. >> gregg: what about japan? is it insolvent already? >> yeah. a lot of people believe so. that will be a big story in 2014. just recently japan announced that they are going to start printed ago lot of money and last week, you saw the yen drop in value 15% which means that, if what we are company exporting to japan that just hurts our sales quite a bit because the value of their yen is less. so not able to buy as many products which is then, gregg, to hurt our stock market because a lot of our growth comes outside our borders of the united states. this is is a problem that goes directly to nks 401-k plan. >> then there is china which is the growth juggernaut but it accelerated? >> in fact the beginning of the year they are looking at double-digit growth. we're going to see 6
germany has balked at that quite a bit. merkel has an election coming up soon. i don't think you'll see germany doing a lot of bailing out the rest of europe. and europe is the number one global concern to this day. if europe doesn't do well, the rest of the world economy is going to suffer. >> gregg: what about japan? is it insolvent already? >> yeah. a lot of people believe so. that will be a big story in 2014. just recently japan announced that they are going to start printed ago...
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germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a
germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in...
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she is andrea merkel and chance that legislator of germany. she is trying to save us from an economic calamity in europe. it's not perfect but she has nudges some of these countries toward reform. she agreed on some bailouts to keep it going. if the euro survive it will be thanks to her. >> paul: and she wins reelection? >> absolutely. >> mine to the people of year is people of new york and new jersey with hurricane sandy. half of them without power. subways, no gas, scenes looks like it's out of the dresden fire bombing but civilization did not fall away. there was no crime or violence. people did the best they could and things will look better in the morning. it's a testament to resilience and grace under pressure. >> paul: my miss goes to chief justice john roberts for his ruling that the affordable care act is constitutional. he agreed that it violated the commerce
she is andrea merkel and chance that legislator of germany. she is trying to save us from an economic calamity in europe. it's not perfect but she has nudges some of these countries toward reform. she agreed on some bailouts to keep it going. if the euro survive it will be thanks to her. >> paul: and she wins reelection? >> absolutely. >> mine to the people of year is people of new york and new jersey with hurricane sandy. half of them without power. subways, no gas, scenes...
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we decided that if you look at other countries like germany, their middle class is in better shape doing better trading against the world. their companies are making money, and things heard that were not impossible, not possible in america, are actually happening in germany, and their wages went up five times faster than ours. there's something wrong inside the american political and economic system 689 that's what the book is about. >> who stole the american dream, thank you for being on
we decided that if you look at other countries like germany, their middle class is in better shape doing better trading against the world. their companies are making money, and things heard that were not impossible, not possible in america, are actually happening in germany, and their wages went up five times faster than ours. there's something wrong inside the american political and economic system 689 that's what the book is about. >> who stole the american dream, thank you for being on
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why is germany concerned enough to consider repatriating their gold, helped by the fed? is it that the trust in the u.s. and dollar supremacy beginning to wane? why do our political leaders believe it necessary to thoroughly audit -- and necessary to audit our own cold? -- unnecessary to audit our own gold? why should there be mandatory sentences, even up to life, for crimes without victims, as our drug laws require? why have we allowed the federal governmenwhy is a political suir anyone to criticize aapec? has nobody noticed that the authorities cannot even keep drugs out of the prisons? how can making our entire society a prison solve the problem? why do we get a necessarily involved in border strikes around the world and ignore the root cause of the most dangerous, a deadly border in the world, the one between mexico and the united states? why does congress willingly give up its prerogatives to the executive branch? why does changing the party in power never change policy? could it be that the views of both parties are essentially the same? why did the big banks, larg
why is germany concerned enough to consider repatriating their gold, helped by the fed? is it that the trust in the u.s. and dollar supremacy beginning to wane? why do our political leaders believe it necessary to thoroughly audit -- and necessary to audit our own cold? -- unnecessary to audit our own gold? why should there be mandatory sentences, even up to life, for crimes without victims, as our drug laws require? why have we allowed the federal governmenwhy is a political suir anyone to...
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and welfare cuts head christine legarde said to recover from the economic crisis europe needs germany as a counterbalance piece all of the reports on whether berlin is afraid it will follow the regional trend. top of the european tree i don't think germans feel that they have nothing to grumble about. there in the park there measuring public mood by telephone and face to face through thousands of interview. we've got a pretty good idea of what the people are thinking stats boffins have been gauging the country's mood to come up with the biggest moans of the year from your average german at number five it's national debt it's better to give than to receive at this time of year but germans festive spirit ran out long ago over chancellor merkel being a little too generous and bailing out countries like greece especially when it's their money at four is climate change the mayan world ending prophecy may have turned out to be hocus pocus but germans remain seriously concerned about keeping mother earth ticking over for as long as possible number three is a very twenty first century problem
and welfare cuts head christine legarde said to recover from the economic crisis europe needs germany as a counterbalance piece all of the reports on whether berlin is afraid it will follow the regional trend. top of the european tree i don't think germans feel that they have nothing to grumble about. there in the park there measuring public mood by telephone and face to face through thousands of interview. we've got a pretty good idea of what the people are thinking stats boffins have been...
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and it became obvious to countries like germany and the soviet union that this they could violate with impunity. in 1922 you had two decades leading to the second world wharf this -- war of this regime that wanted to revise the structure of global power and the status quo powers who weren't prepared to enforce it. there was one power and under this administration -- >> is iran the test case for whether or not these countries are going -- europe and the united states and in particular are going to enforce this world order? >> look, you have three presidents, president clinton, bush and obama have said explicitly that a nuclear iran is unacceptable. if the iranians are allowed to walk across the flesh hold with no opposition, that will demonstrate to other would t be aggressiveha regimes that there is no comp on the street. and that's what is happening. >> is this the year for the showdown on iran? >> simply is a matter of industrial mechanics, how much uranium you need to enrich. >> we humave been saying that for awhile though. and somehow there is a computer virusn that keeps kicking i
and it became obvious to countries like germany and the soviet union that this they could violate with impunity. in 1922 you had two decades leading to the second world wharf this -- war of this regime that wanted to revise the structure of global power and the status quo powers who weren't prepared to enforce it. there was one power and under this administration -- >> is iran the test case for whether or not these countries are going -- europe and the united states and in particular are...
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going into eastern europe to let nato take over germany these things are in the air. bush? >> host: square. he does business as usual with china and goes into panama december 1989. the american people loved it it was our backyard. me noriega was the news dahlin. and that is another untold story. and with the doctor of the photos it breaks my heart personally send a the veteran we don't take advantage of the possibilities with the soviet union reprivatize with russia and then 43, and it is natalie squandered but it is heartbreaking during that period. >> it is a lost opportunity. i agree. >> march 5, 1953 when stalin died the soviet leader's reach out to the united states at that point* but eisenhower had a great speech but then dallas refutes it then they take a hard-line. >> we had a lot of chances.
going into eastern europe to let nato take over germany these things are in the air. bush? >> host: square. he does business as usual with china and goes into panama december 1989. the american people loved it it was our backyard. me noriega was the news dahlin. and that is another untold story. and with the doctor of the photos it breaks my heart personally send a the veteran we don't take advantage of the possibilities with the soviet union reprivatize with russia and then 43, and it is...
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Dec 29, 2012
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from germany. >>> it's the top of the hour. you're in the "cnn newsroom." i'm martin savidge. let's a pleasure to be with you. >>> right now in the nation's capital, senators are working to try to keep all of us from going off that fiscal cliff. we've been talking about that for what seems like, well, forever. they've got to reach a deal by new year's day. here's what's happening right now. senate leaders on both sides are trying to reach a budget deal hoping to avert a 2% hike in everyone's paychecks early next year. plus 2 million unemployed people stand to lose their jobless benefits. jessia yellen, the president says he's optimistic but he sure had a firm tone after meeting with the senate and house leaders yesterday. let's just give that a listen. >> so the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why ev
from germany. >>> it's the top of the hour. you're in the "cnn newsroom." i'm martin savidge. let's a pleasure to be with you. >>> right now in the nation's capital, senators are working to try to keep all of us from going off that fiscal cliff. we've been talking about that for what seems like, well, forever. they've got to reach a deal by new year's day. here's what's happening right now. senate leaders on both sides are trying to reach a budget deal hoping to...
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global order that they had imposed at the versailles settlement and it became obvious to countries like germany and the new soviet union that they could violate that order with impunity. so, beginning around 1922 you had two decades leading to the second world war of this double process, revisionist regimes that want today revise the structure ofl power and status quo power and today there's only one status quo power and under this administration-- >> is iran test whether these countries, the united states in particular going to enforce this world order? >> look, you have three presidents, president clinton, bush and obama said that nuclear iran is unacceptable. if the iranians are allowed to walk across that threshold with no opposition, that would demonstrat demonstrates other would-be regimes that-- >> is this the year for the showdown on iran? >> simply as a matter of industrial mechanics, how much uranium you need to enrich to get to a bomb this is the year. >> paul: we've been saying that for a while and somehow there's a computer virus that happens that keeps kicking it down. but it's no
global order that they had imposed at the versailles settlement and it became obvious to countries like germany and the new soviet union that they could violate that order with impunity. so, beginning around 1922 you had two decades leading to the second world war of this double process, revisionist regimes that want today revise the structure ofl power and status quo power and today there's only one status quo power and under this administration-- >> is iran test whether these countries,...
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canada, 1.8%, germany 1.3%, switzerland, which doesn't have enough bonds to make a difference is about 0.5%. portugal at 7% and italy at 4.5%. my point, sean, is whether or not you or s&p or anybody else downgrades the united states, is there a danger it becomes substantially more expensive for the u.s. the borrow money anytime in the future? >> well, a lot of the borrow ei costs have been masked by the purchases by the federal reserve bank. they purchase about 75% of what the treasury has issued over the past year. the bigger challenge for a lot of institutional investors with regard to the credit quality of the u.s. is entitlement reform. the unfunded liabilities are in the area of $100 trillion depending on what type of interest rate or discount rate you use for those future liabilities. and that's something that we have some time to address but perhaps more important than the immediate deficit reduction for a lot of institutional investors including ourselves. >> all right, sean. to jim for a second. your firm manages a lot of money for individual and institutional investors. what
canada, 1.8%, germany 1.3%, switzerland, which doesn't have enough bonds to make a difference is about 0.5%. portugal at 7% and italy at 4.5%. my point, sean, is whether or not you or s&p or anybody else downgrades the united states, is there a danger it becomes substantially more expensive for the u.s. the borrow money anytime in the future? >> well, a lot of the borrow ei costs have been masked by the purchases by the federal reserve bank. they purchase about 75% of what the...
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germany, france, northern europe, generally speaking. italy, spain, portugal, greece and ireland, hungry are in terrible shape. serious terrible shape. and because some folks don't pay attention to numbers, here's a chance for a statistic to help. students of mine, professors who came to the united states to study the universities where i taught. now professors at the university of acton, major universities increased. today their salaries as we speak are 40 percent less than what they were in may of 2010. try to imagine yourself in a job that you've kept in which the money you get every week is 40% less. police, fire, school teachers, social workers, you name it. .. governments in france and germany have been very frightened since they too are facing an economic crisis and they too are trying to solve it by making demands of their people to pay for something we come in to. they have chosen to use a very dangerous strategy particularly warm germany and the strategy goes like this. we the government are your friends, you the german working
germany, france, northern europe, generally speaking. italy, spain, portugal, greece and ireland, hungry are in terrible shape. serious terrible shape. and because some folks don't pay attention to numbers, here's a chance for a statistic to help. students of mine, professors who came to the united states to study the universities where i taught. now professors at the university of acton, major universities increased. today their salaries as we speak are 40 percent less than what they were in...
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. ♪ [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> about 22 past the hour now. the first hint of snow is falling in pennsylvania. it will be heading to the northeast, weather channel meteorologist mike seidel live in new cumberland, pennsylvania. what are you seeing? what do we expect the next couple of days? >> light snow on the pennsylvania turnpike outside of harrisburg. travel fine, not that cold and hasn't snowed that much. this will be the first measurable snowfall for philadelphia. may get an inch of snow. new york city, times square, a couple of inches or so on the grassy services. 5 to 7. a winter storm for boston and snow will fall from dinner time to early on sunday morning. the areas where you got dumped wednesday morning, buffalo, syracuse, look for 3 to 6 inches, not the 10 to 15 you had. the major impact at the airports, already the three new york c
. ♪ [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> about 22 past the hour now. the first hint of snow is falling in pennsylvania. it will be heading to the northeast, weather channel meteorologist mike seidel live in new cumberland, pennsylvania. what...
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then got back on a plane, flew to o'hare, and frankfurt, germany, sat in a lounge, then frankfurt, back to o'hare, back to austin. >> or you could try a hotel bonus. lots of hotels can be converted into free hotel nights. this can also get extreme when people like lynn shaffer hear about the hampton inn offering a bonus. >> i take my son to disney world. we hop from hotel to hotel every night. 13 days, 13 stays. >> so you switched hotels every time. >> next method, the rental carbo us in. typically you get a raise, but when one company raised the bonus to 10,000 for a one day rental, george smart went to his airport and rented almost every car off the lot. >> how many cars did you rent? >> about 12 or 15 in a morning and i would get maybe 60 to 100,000 miles for a very inexpensive investment, the equivalent of going to europe on discount twice. >> for renting cars for a morning. >> reporter: by now, we were sitting in the first class section, because even first class and business class come within reach to those who are frequent flier millionaires. as is evident by rick's trip this year
then got back on a plane, flew to o'hare, and frankfurt, germany, sat in a lounge, then frankfurt, back to o'hare, back to austin. >> or you could try a hotel bonus. lots of hotels can be converted into free hotel nights. this can also get extreme when people like lynn shaffer hear about the hampton inn offering a bonus. >> i take my son to disney world. we hop from hotel to hotel every night. 13 days, 13 stays. >> so you switched hotels every time. >> next method, the...
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canada has a five percent bad tax china seventeen percent mexico sixteen percent japan five percent germany nineteen percent united kingdom seventeen percent south korea ten you know france taiwan and there you go places income tax on top of our income tax this is this essentially replaces a corporate income tax. oh they might start up as a corporate income tax and it replaces especially replaces your corporate income taxes is broken right now because it's what thirty five but nobody really pays that so it protects the rest of the industries and unfortunately in the united states that was so one nine hundred sixty s. to protect the rest of industries very now we're not that interested in what we want to sell products as far as we tell you i think we need to have a conversation or a bad correlation between the countries that have bad taxes and how much money is in their elections how much hope or what is in their life on so you know more of that i'd say final picture rubble the year after the break and. he. sees. the. science technology innovation all the latest developments from around russ
canada has a five percent bad tax china seventeen percent mexico sixteen percent japan five percent germany nineteen percent united kingdom seventeen percent south korea ten you know france taiwan and there you go places income tax on top of our income tax this is this essentially replaces a corporate income tax. oh they might start up as a corporate income tax and it replaces especially replaces your corporate income taxes is broken right now because it's what thirty five but nobody really...
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> ringling brothers and barnum & bailey circus is celebrating a court victory today. back in 2000 several animal rights groups sued the circus claiming its elephants were abused. today one of the groups, the american society for the prevention of cruelty to animals, agreed to settle its part of the suit and pay the circus more than $9 million. the courts found out that animal rights activists had paid a former circus employee to bring the suit. >>> head to virginia where federal authorities revealed an enormous drug bust at dulles international airport. customs and border protection officers seized nearly 214 pounds of khat last week. khat is a da
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> ringling brothers and barnum & bailey circus is celebrating a court...
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. >> afghan war victims have filed a class action suit against germany in a court in the western city of bonn. >> those claims are related to an air strike ordered by a german officer in northern afghanistan in 2009, which killed 90 civilians. germany had given some compensation to the victims' families without admitting responsibility. >> lawyers representing survivors of the air strike are demanding higher compensation -- more than 3 million euros in total. they complain the settlements arrived at immediately following the attack were too small. as far as the german government is concerned, the case is closed. >> 5000 u.s. dollars was paid in over 90 instances. this money was transferred to an account in afghanistan. the account was specifically designed to compensate these families. >> on september 4, 2009, a u.s. f-15 fighter jets bombed two fuel tankers, killing more than 90 civilians. a german officer called in the air strike based on faulty intelligence. the political repercussions were extensive. the german defense minister at the time was forced to step down for his handling
. >> afghan war victims have filed a class action suit against germany in a court in the western city of bonn. >> those claims are related to an air strike ordered by a german officer in northern afghanistan in 2009, which killed 90 civilians. germany had given some compensation to the victims' families without admitting responsibility. >> lawyers representing survivors of the air strike are demanding higher compensation -- more than 3 million euros in total. they complain the...
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plants here because they can pay the workers a lot less the united states and that in sweden you see germany moving factories here because their the workers here aren't demanding to be unionized and getting paid anymore so yeah free trade is going to turn us into you know a third world nation event third world slave labor nation for the rest of of china or india or you name it i don't think that's going to happen i don't think that's a time you know this is just just for purposes of conversation this is the blue line here is manufacturing is part of as a percentage of g.d.p. as a percentage of the economy and the red line is what's called fire finance insurance real estate and right alisa basically making money with money versus making money by making things and to the best of my knowledge no country has ever over more than a couple of decades been below fifteen percent manufacturing and maintain their economy basically countries fail when their manufacturing goes below fifteen percent and we're at twelve percent i mean the value you take you take like the garment district in new york city w
plants here because they can pay the workers a lot less the united states and that in sweden you see germany moving factories here because their the workers here aren't demanding to be unionized and getting paid anymore so yeah free trade is going to turn us into you know a third world nation event third world slave labor nation for the rest of of china or india or you name it i don't think that's going to happen i don't think that's a time you know this is just just for purposes of...
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in germany, an animal keeper holds a tomato frog in her hand. each year the zoo in hamburg takes an inventory of all the animals. "cnn newsroom" continues right now with don lemon. hi, don. >>> hi, suzanne. thank you very much. i'm don lemon. brooke is off today. the eyes of the world are focusing now on the white house. within the next hour, congressional leaders will begin to arrive for what is likely to be a very tense meeting with the president. this is perhaps the final effort to avert the tax increase that is expected to cost the average family several thousand dollars a year. four days remain to reach an agreement, get it passed by the house and the senate and signed into law by the president. we're talking a long shot here. now, want to show you the players. president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the
in germany, an animal keeper holds a tomato frog in her hand. each year the zoo in hamburg takes an inventory of all the animals. "cnn newsroom" continues right now with don lemon. hi, don. >>> hi, suzanne. thank you very much. i'm don lemon. brooke is off today. the eyes of the world are focusing now on the white house. within the next hour, congressional leaders will begin to arrive for what is likely to be a very tense meeting with the president. this is perhaps the final...
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unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying gnashing it's clear business are. going to what's happening in the markets we start of course with the united states the only markets which is trading president barack obama on friday will be making a new scaled back offer in a bid to avoid the looming fiscal cliff the clock is ticking away meanwhile the market is dropping for the fifth consecutive session europe is also dropping on pretty much the same fears but there's still one more day this year to turn that trend around us of thirty first of december as you can see the market is also down russia's ruble ended the final session of the year on a down note but over the year ruble strengthened five percent against the dollar so it's been quite a good year for the ruble russia's markets also saw a final bit of a sell off but that's because nobody wants to assume the risks of missing out on the imp
unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying gnashing it's clear business are. going to what's happening in the markets we start of course with the united states the only markets which is trading president barack obama on friday will be making a new scaled back offer in a bid to avoid...
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the international monetary fund raising the alarm over germany's reported austerity plans which up opposed to come into force after next year's elections the measures will apparently include raising the retirement age tax hikes and welfare cuts that could bring europe to a grinding halt according to the i.m.f. or his piece on how small. the top of the european tree but don't think germans feel that they have nothing to grumble about a view a few on both in the park measuring public mood by telephone and face to face through thousands of interviews we've got a pretty good idea of what the people are thinking stats boffins have been gauging the country's mood to come up with the biggest moans of the year from your i've reached germany at number five it's national debt it's better to give than to receive at this time of year but germans festive spirit ran out long ago over chancellor merkel being a little too generous and bailing out countries like greece especially when it's their money. for is climate change the mayan world ending prophecy may have turned out to be hocus pocus but germans r
the international monetary fund raising the alarm over germany's reported austerity plans which up opposed to come into force after next year's elections the measures will apparently include raising the retirement age tax hikes and welfare cuts that could bring europe to a grinding halt according to the i.m.f. or his piece on how small. the top of the european tree but don't think germans feel that they have nothing to grumble about a view a few on both in the park measuring public mood by...
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happy new year from germany. >>> in syria today, opposition activists say at least 66 people were killed in bombings, air strikes and street fighting. well, violence in syria's civil war has now intensified in just the past few weeks. and there is now something new. actual movement by russian officials to get involved at least diplomatically. the u.n. believes that the civil war has killed 40,000 people in syria. now, russia's foreign minister has now invited rebel leaders to talk. i want to bring in our nick payton walsh. he's in lebanon today. we know that a lot of reporters can't officially be in syria at the moment to sort it all out. but this does seem like a very significant development. what do we expect out of these meetings between russian officials and some of the syrian rebels? >> reporter: what's clear about this, syria has said it will talk to russia. it's a similar kind of plan that they've been pushing since june. the issue really here is the reaction we've already heard. the syrian opposition, their leader saying he'll talk, but not in moscow as the russians suggest. the
happy new year from germany. >>> in syria today, opposition activists say at least 66 people were killed in bombings, air strikes and street fighting. well, violence in syria's civil war has now intensified in just the past few weeks. and there is now something new. actual movement by russian officials to get involved at least diplomatically. the u.n. believes that the civil war has killed 40,000 people in syria. now, russia's foreign minister has now invited rebel leaders to talk. i...
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. >> already stimulus, we have the equivalent of germany and south korea to the debt and still have twenty-three million people unemployed or underemployed. the government is still thinking we are in the dot.com housing bubble. it has not reset itself, that whole area is in bubble territory. stuart: last word, 10 seconds. >> with a fundamental disagreement with an economy like this needs. i don't believe you need to cut spending. stuart: long-term you cut it. >> long-term yes but not now. stuart: when you cut tax rates to stimulate the private sector and you are not doing it. >> did that under bush. look what happened. the economy got terrible. stuart: when the economy, are you crazy? the economy in the first years of the bush administration went straight up. [talking over each other] stuart: 48 straight months of job gains. [talking over each other] stuart: the final year of the bush administration the deficit was $167 billion. now is 167 -- >> compare the clinton administration with tax rates, much more robust private sector. stuart: can we get america back away and not to be? >> that is -- [t
. >> already stimulus, we have the equivalent of germany and south korea to the debt and still have twenty-three million people unemployed or underemployed. the government is still thinking we are in the dot.com housing bubble. it has not reset itself, that whole area is in bubble territory. stuart: last word, 10 seconds. >> with a fundamental disagreement with an economy like this needs. i don't believe you need to cut spending. stuart: long-term you cut it. >> long-term yes...